Verizon moves to corner the coveted dial-up market, will buy AOL for $4.4 billion

%name Verizon moves to corner the coveted dial up market, will buy AOL for $4.4 billion by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

“BZZZT… EEE-YOO, EEE-YOO! YOU’VE GOT MAIL!” Those are the sounds that many Internet early adopters haven’t had to listen to for well over a decade now. However, there are still 2.1 million lost souls trapped in AOL dial-up hell and they’re about to become Verizon subscribers. Verizon on Tuesday announced that it plans to buy AOL for $4.4 billion at $50 per share, which represents a 17% premium over its stock price at the close of Monday’s trading.

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